Blog Posts
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Proportionality: A New Special Equities Exception Against Invocation of Bank Guarantees
[Rhythm Buaria is an Advocate based in New Delhi] In an appeal under section 37 of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”), a Division Bench of the High Court of Delhi in Hindustan Construction Co. Ltd. v. National Hydro Electric Power Corporation Ltd., held that proportionality constitutes a special equities exception against invocation or encashment of unconditional bank guarantees. Before delving…
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Call for Papers: The GNLU Law Review
Gujarat National Law University, Gandhinagar, is one of the premier National Law Schools in India, which has contributed towards transforming legal education into professional excellence ever since its establishment in 2003. Born in 2008 as the flagship journal of Gujarat National Law University, The GNLU Law Review (‘TGLR’) is a bi-annual, student-edited, peer-reviewed journal, designed…
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Is NSE’s Co-Location Facility Abusive: A Competition Law Analysis
[Rishabh Joshi is a 5th year B.B.A., LL.B. (Hons.) student at Gujarat National Law University, Gujarat] Recently in its decision of Manoj K. Sheth v. NSE, (Case No. 35 of 2019) dated 28 June 2021, the Competition Commission of India (CCI) rejected the charges surrounding abuse of dominance against the National Stock Exchange (NSE) concerning the…
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The TRIPS Waiver and BITs: Scope for Concern?
[Aarohi Chaudhuri is a 3rd year BA LLB (Hons.) student at the National Law School of India University, Bengaluru] In April 2021, a group of WTO members led by India and South Africa proposed the temporary lifting of patents over Covid-19 vaccines. The suggested mechanism to achieve this end was to waive the relevant provisions…
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Impediments to the Enforcement of Arbitral Awards under IBC
[Anuj Dubey and Amay Bahri are 4th year students at National Law University, Delhi] The jurisprudence on the interplay between the Insolvency and Bankruptcy Code 2016 (IBC) and the Arbitration and Conciliation Act 1996 (Arbitration Act) is in nascent stages. While friction arises during multiple stages of the proceedings under both laws, the conflict arising…
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Draft E-Commerce (Amendment) Rules, 2021 – A Competition Law Perspective
[Moksh Roy and Arjun Sahni are 4th year students at Symbiosis Law School, NOIDA] The Department of Consumer Affairs (“DCA”)on 21 June 2021 released the Draft Consumer Protection E-Commerce (Amendment) Rules, 2021 (“Draft Rules”). According to the press release, the Amendment Rules are aimed at bringing transparency to e-commerce platforms and strengthening the existing regulatory…
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Admissibility of Illegally Obtained Evidence in International Arbitration
[Arjun Chakladar and Aman Kumar Yadav are 4th year undergraduate students at National Law Institute University, Bhopal] The Covid-19 pandemic has necessitated the digital shift and increased dependence on digital technology. In recent times, the admissibility of illegally obtained evidence (‘IOE’) has proven itself an imperative notion in international arbitration. This surge in data protection…
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Rule 86A of the CGST Rules – Ripe for Constitutional Challenge
[Aaryana Anand is a 4th year BSc. LL.B (Hons.) student at Gujarat National Law University, Gandhinagar] Rule 86A (‘rule 86A’) was inserted in theCGST Rules, 2017 (‘Rules’), with effect from 26 December 2019. The said provision provides wide powers to the Commissioner or an officer authorized by him, not below the rank of an Additional Commissioner, to impose…
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Disgorgement: An Equitable Remedy or a Penal Measure?
[Anoushka Biswas is a 3rd Year, B.A. LL.B. (Hons.) student at National University of Juridical Sciences, Kolkata] Disgorgement harbours the principle of giving up the possession of profits illegally obtained, leading to unjust enrichment. Black’s Law Dictionary defines disgorgement as “the act of giving up something (such as profits illegally obtained) on demand or by legal compulsion”.…
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Call for Submissions: Centre for Insolvency and Bankruptcy Studies Blog
[Announcement on behalf of the Centre for Insolvency and Bankruptcy Studies Blog] The Centre for Insolvency and Bankruptcy Studies Blog welcomes all kinds of submissions in the form of articles, research pieces, opinions, case comments and short notes dealing with any contemporary and pertinent development related to insolvency and bankruptcy laws. Originality All submissions must…